After adjusting for inflation, wages are higher than at any point in U.S. history, and after adjusting for age and sex, the percentage of the population that is employed is around its peak in U.S. history.
After adjusting for inflation, wages are higher than at any point in U.S. history, and after adjusting for age and sex, the percentage of the population that is employed is around its peak in U.S. history.
I raised some points to consider, not to try and mislead anyone. How is underemployment or amount of jobs per worker doing? What is incorrect about how wage per hour isn’t the whole picture when your hours get cut?
U-6 looks at those kinds of underemployment numbers, and is doing pretty well:
This doesn’t mean it’s perfect, or everybody is now a sudden billionaire. It does mean that it’s within the range of “pretty much ok for most people”